Announcement from the UK Government

The agreement’s cutting-edge digital provisions make it the most advanced free trade deal signed by the three countries to date.

The UK is Norway’s largest trading partner. In fact, despite COVID-19 the UK’s exports to Norway increased by 6.1% to £8.1 billion in 2020. Likewise, the UK enjoys a close bilateral trading relationship with the small but successful Lichtenstein, with its powerful financial, technology and manufacturing sectors. Iceland too is a significant partner, supplying Grimsby Fish Market with over 75% of its daily produce.

Taken together, total trade in goods and services between the UK and EEA EFTA last year was £21.6 billion. Needless to say, these countries are important partners for the UK, and we are delighted to be building on the historic partnerships that exist.

The agreement also builds on the EEA EFTA Separation Agreement, signed in January 2020, which protected the rights of 17,000 UK nationals living in the EEA EFTA States and 15,000 EEA EFTA nationals living in the UK, and included arrangements on residency, healthcare, pensions and education, social security coordination and mutual recognition of professional qualifications.

Please find here information on UK trade agreements with non-EU countries.